Syndicate Market Research

Deerfield Beach, FL -- (SBWIRE) -- 07/05/2016 -- Levulinic acid is also known as 4-oxopentanoic acid. It is an organic compound classified as a keto acid. Molecular formula of Levulinic acid is C5H8O3. Levulinic acid is a white crystalline solid. It is soluble in water, polar organic solvents, diethyl ether and ethanol, and insoluble in aliphatic hydrocarbons. Levulinic acid is relatively nontoxic, with an LD50 of 1850 mg/kg. Levulinic acid is used as a precursor for plasticizers, pharmaceuticals, and other additives. Levulinic acid can be produced by high temperature acid hydrolysis of carbohydrates, such as glucose, galactose, sucrose, fructose, chitose and agricultural wastes. Levulinic acid offers several derivatives, such as Methyltetrahydrofuran (MTHF), Gammavalerolactone (GVL), D-amino levulinic acid (DALA), Methyl Butanediol (MeBDO), Diphenolic Acid (DPA) and so on.

The global levulinic acid market is mainly driven by strong demand from agriculture industry. Pharmaceutical is also one of the key diving factors for the levulinic acid. Strong demand from Pharmaceutical is another key factor which contributes to drive the growth for levulinic acid market in the years to come. Furthermore, growing research and development advancements, levulinic acid is used as food additives, biofuel production, pharmaceutical manufacturing, and pesticides among others.

The report includes detailed competitive landscape of the global levulinic acid market and an analysis of Porter's five forces model for the facial recognition market has also been included. It includes company market share analysis, product portfolio of the major industry participants. The report provides detailed segmentation of the levulinic acid market based on application and region segment. Key application market for levulinic acid market includes pharmaceuticals, agriculture, food additives, cosmetics and other. Agriculture was the leading application segment for levulinic acid market.

Major regional segments analyzed in this study include North America, Europe, Asia Pacific, Latin America, and Middle East and Africa with its further bifurcation into major countries including U.S., Germany, France, UK, China, Japan, India, and Brazil. This segmentation includes demand for levulinic acid based on individual applications in all the regions and countries. Levulinic acid market was dominated by North America in 2014. North America is followed by Europe and Asia Pacific. Asia pacific was the rapidly increasing region in Levulinic acid market.